The Central Bank of Nigeria (CBN) on Monday said the high number of dirty and mutilated Naira notes in circulation is as a result of poor and improper handling. The bank disclosed this at a two-day sensitization of Nigerians to their rights with commercial banks, noting that many Nigerians find it difficult to access loans … Read more
Mr Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), on Saturday emphasised the need to strengthen efforts over the coming years to stimulate growth and create jobs in critical sectors to insulate the economy from global shocks. Emefiele said this while giving a welcome address at a consultative roundtable titled, “Going for Growth” … Read more
A Lagos Division of the Federal High Court on Thursday adjourned until June 19, hearing in a debt recovery suit filed by the federal government against Shell Western Supply & Trading Ltd, over an alleged $406.7 million shortfall in crude oil shipment. The suit numbered FHC/L/CS/336/16 was filed by FG’s counsel, Fabian Ajogwu, a professor … Read more
Godwin Emefiele, Governor of the Central Bank of Nigeria, CBN, has begun his second tenure, following the confirmation of his re-appointment by the Senate on May 16. According to a statement by the Director Corporate Communications, Mr Isaac Okoroafor, Emefiele was sworn in by the Bank’s Secretary and Director, Corporate Secretariat Department, Mrs Alice Karau. … Read more
Dino Melaye, Senator representing Kogi West in the National Assembly, on Saturday raised the alarm over the latest move by the State Governor, Yahaya Bello, ahead of the state’s governorship election. Melaye said Bello requested a N30bn loan from the Central Bank of Nigeria, CBN. In a tweet, the controversial lawmaker alleged that the loan … Read more